National Newswatch

Government triggers NAFTA Chapter 19 over punitive U.S. import duties

Jan 19 2018 — — The federal government has filed requests for panel reviews under NAFTA Chapter 19 to appeal final U.S. decisions to impose duties on imports of Bombardier C Series aircraft and softwood lumber from Canada. The notices follow the U.S. Department of Commerce’s plans to impose duty rates of nearly 300 per cent on future imports of […]

Canada to attend first Trans-Pacific Partnership meeting since Trudeau’s APEC no-show

Jan 19 2018 — Marie-Danielle Smith — Canada will attend a key meeting on the Comprehensive and Progressive Trans-Pacific Partnership in Tokyo next week, two months after a high-profile no-show that infuriated its negotiating partners, the Canadian and Japanese governments have confirmed. The meeting of chief negotiators Monday and Tuesday is intended to accelerate progress on the 11-country trade zone after Australia’s […]

NAFTA uncertainty could be pausing business investment in Canada, Morneau says

Jan 18 2018 — — Bill Morneau says he understands the uncertainty surrounding NAFTA might be causing some companies to hesitate in making investment decisions. The federal finance minister made the comments today when asked about the Bank of Canada’s warning this week that elevated uncertainty over the future of the North American Free Trade Agreement would drive down investment […]

NAFTA: As big decisions approach, ministers to attend longer-than-expected round

Jan 18 2018 — — The ministers leading the effort to forge a new North American Free Trade Agreement will gather for a longer-than-expected round of talks next week as negotiations enter a sensitive political period with big decisions looming. Foreign Affairs Minister Chrystia Freeland, American counterpart Robert Lighthizer and Mexico’s Ildefonso Guajardo will be on hand Jan. 29 for […]

`Bad Joke’ Aside, Wall Street May Be Baking in Trump Nafta Exit

Jan 18 2018 — — Even before two of the biggest North American railroads report earnings this week, the outlook around them is darkening. The din around the North American Free Trade Agreement’s future has heightened over the past few weeks and economists at Goldman Sachs believe the U.S. is now “more likely than not” to give notice to withdraw […]

Garneau and transportation industry ‘cautiously optimistic’ about NAFTA: minister

Jan 17 2018 — — Transport Minister Marc Garneau says he and Canada’s transportation industry are “cautiously optimistic” that a deal will be reached to modernize NAFTA. The minister says the sustained efforts by the federal and provincial governments to reinforce to American politicians the importance of the trade deal are bearing fruit. During a closed-door meeting with representatives of […]

Scheer: Canada speaks with one voice on renegotiating NAFTA deal

Jan 17 2018 — — The leader of the official Opposition is telling a Washington audience that Canada speaks with one voice when it comes to the negotiation of NAFTA. Conservative Leader Andrew Scheer is at the Wilson Center explaining that he and the Trudeau government have their partisan differences, but not when it comes to preserving the Canada-U.S. relationship. […]

Killing NAFTA would cost 300,000 American jobs, analysis says

Jan 16 2018 — — If President Trump tears up NAFTA, you’ll notice the impact. It would cost the United States 300,000 jobs, cut economic growth, hurt stocks and cause prices for consumer goods to rise, according to an analysis. Oxford Economics, a global consulting firm associated with the English university, published the report a week before the sixth round […]

Canada wine war launched through WTO

Jan 16 2018 — — Australia has launched formal ­action with the World Trade ­Organisation targeting Canada over a trade dispute involving Australian wine products, two months after Justin Trudeau snubbed Malcolm Turnbull and world leaders during crucial negotiations on a new Trans-Pacific Partnership deal. In a rare move, the Turnbull government initiated WTO ­dispute-settlement action against Canada following representations […]

Canada needs to push on with free trade deals despite a turbulent 2017

Jan 16 2018 — Brian Innes — Last year was a real roller-coaster ride for international trade talks. While there were some highs, unfortunately we’ve pulled into the station without competitive access to world markets, especially in the Asia-Pacific region. Canada’s exporters are green in the gills as a result, especially those in the agri-food sector. Canada is falling behind our competitors […]

Trump softens on NAFTA

Jan 14 2018 — — The White House will never admit this publicly, but the president is developing a softer attitude towards the North American Free Trade Agreement (NAFTA). Five sources who’ve spoken privately with Trump about NAFTA say he’s taking more seriously the risks of withdrawing the U.S. from the trade deal with Canada and Mexico. A conga-line of […]

Preparations, but no NAFTA plan B yet, says trade minister

Jan 14 2018 — Rachel Aiello — With the next round of NAFTA talks approaching, and uncertainty about where the U.S. stands from one day to the next, Canada’s International Trade Minister said there’s no clear “plan B” if the trilateral deal gets torn up. “It’s not about a plan B, it’s about (having) every eventuality mapped out,” Francois-Philippe Champagne told CTV […]

Trudeau, Scheer pitch dueling NAFTA narratives as uncertainty looms

Jan 12 2018 — Amanda Connolly — Prime Minister Justin Trudeau and Conservative Leader Andrew Scheer offered dueling narratives on negotiations over the North American Free Trade Agreement (NAFTA) in two press conferences held around southwestern Ontario on Friday. In a speech before a Mississauga Board of Trade luncheon, Scheer accused the government of not acting quickly enough to recognize the pending […]